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Scarcity, Choice, and Opportunity Cost
Worksheet
Grade Level
Economics & Financial Literacy
12.1 Scarcity, Choice, and Opportunity Cost
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A city advertises a new public bus route as "free to riders" because fares are set at zero. Which statement best explains the opportunity cost?
A
The route eliminates scarcity by lowering the price to zero
B
The route has no opportunity cost because no rider pays a fare
C
The route's opportunity cost is only the printed bus schedule
D
The route still uses buses, drivers, fuel, and funds that could have supported other services
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